EPISODE · May 9, 2022 · 2 MIN
Are wage expectations fueling inflation (yet)?
from Die ekonomie minuut · host Waldo Krugell
We teach economics students that inflation is a process of sustained rises in the general price level. So when do price shocks such as increases in fuel and food prices become an inflationary process? One has to look for second-round effects – in other words, when the prices of services start to increase, and when salaries and wages start to rise. * The Economics Minute is supported by the NWU Business School
What this episode covers
We teach economics students that inflation is a process of sustained rises in the general price level. So when do price shocks such as increases in fuel and food prices become an inflationary process? One has to look for second-round effects – in other words, when the prices of services start to increase, and when salaries and wages start to rise. * The Economics Minute is supported by the NWU Business School
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Are wage expectations fueling inflation (yet)?
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